The global fire sensors and detectors market is estimated to witness a CAGR of 10.8% during the forecast period, 2014 to 2019. Increase in the safety regulations by the governments in different regions across the globe, especially in the European and Asia-Pacific regions is contributing towards the growth of the global fire sensor and detector market. Fire sensor is a component which is designed to detect a flame or fire while as a fire detector is designed to detect and respond to a flame or fire. The responses to the detected flame depend on the system installed. The most common responses are sounding an alarm, deactivating the fuel line or activating the fire suppression system.

The fire sensors and detectors are already being implemented immensely in the field of manufacturing, oil& gas, and mining, and transportation & logistics, among others. In 2014, the global fire sensors and detectors market was dominated by the Bosch Security Systems, Tyco International Ltd., Halma plc, Honeywell, and United Technologies Corporation (UTC). Bosch Security Systems led the global fire sensor and detector market by introducing more innovative products in the market. The key companies operating in the global fire sensors and detectors market are focusing to expand their presence in the emerging markets of Asia, South America, Eastern Europe, and Africa. In order to have a long term sustainable hold in the global fire sensors and detectors market, these companies are adopting new facility expansions and R&D activities as their key business strategies.

Scope of the Report

This research report categorizes the global fire sensor & detector market into the following segments and sub-segments:

The increase in the expenditure to protect assets from fire hazards, along with growth in the infrastructure development have led to the growth of the global fire sensors & detectors market. Enterprises across the globe have increased their spending on the fire protection measures so as to safeguard their infrastructures as well as to reduce risk to human lives. Various technologies, such as, human machine interface solutions, smart buildings, wireless sensor networks, and nanotechnology are being utilized in the global fire sensors and detectors market. Advanced sensors have been developed to provide accurate data to the control units. The new intelligent sensors have networking capabilities, wherein a group of sensors and detectors can communicate easily through the control units, leading to increased efficiency in the systems. Distant users can access these intelligent sensors by connecting through LAN/WAN networks.

The global fire sensors & detectors market was valued at $2.5 billion in 2014 and is expected to witness a CAGR of 10.8% during the forecast period, 2014 to 2019. By type, the global fire sensors and detectors market has been segmented into components and services. The global fire sensors & detectors market, by component, was valued at $1.6 billion in 2014 and is projected to reach $2.4 billion by 2019, at CAGR 9% during the forecast period, 2014 to 2019. Among components, the smoke detectors segment led the global fire sensors & detectors market in 2014 and accounted for a market share of 52.8%. The service and maintenance segment held the largest market share in the global fire sensors and detectors market in 2014 and accounted for a market share of 34.4%.

The North American region dominated the global fire sensors & detectors market in 2014. The revision and implementation of the building and fire safety regulations is driving the growth of the global fire sensors and detectors market. Few sectors, such as, oil & gas, and mining, and energy & power are witnessing increased usage of the fire sensors and detectors as they need to adhere to stringent corporate and federal regulations. These sectors account for a significant share in the global fire sensors and detectors market.

The global fire sensors & detectors market is growing rapidly owing to the fastest-growth of some verticals which include manufacturing, transportation, and energy & power. The global fire sensors & detectors is one of the emerging markets with immense growth potential. This is due to the higher safety regulations being implemented by various governments. For instance, in the European region, as per rule, the fire sensors and detectors installed have a maximum life cycle of 10 years. The other factors that are driving the global fire sensors & detectors market are the modernization of the existing buildings as well as the new constructions wherein fire sensing and detection systems are being installed. The global fire sensors and detectors market is dominated by Bosch Security Systems, Tyco International Ltd., Halma plc, Honeywell, and United Technologies Corporation (UTC).

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North America Fire Sensors and Detectors
Fire Sensors and Detectors-North America can be segmented by Industries, Applications, Services, Companies, MacroIndicators and Submarkets. Industries of this market are

Apr 2015

Asia-Pacific Fire Sensors and Detectors
Fire Sensors and Detectors-Asia-Pacific can be segmented by Industries, Applications, Services, Companies, MacroIndicators and Submarkets. Industries of this market are

Upcoming

Europe Fire Sensors and Detectors
The European fire sensors and detectors market is estimated to grow at a CAGR of 11.3% from 2014 to 2019. The growing emphasis on safety regulations by the government in the U.K., building modernizations, and new constructions are the key drivers for the growth of this market. A fire detector is a component that is designed to detect and respond to a flame or fire. The responses to the detected flame depend on the system which is installed; it can be in the form of sounding an alarm, deactivating a fuel line, or activating a fire suppression system.